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Against the backdrop of important structural reforms and terms of trade gains, India recorded strong growth in recent years in both economic activity and financial assets. Increased diversification, commercial orientation, and technology-driven inclusion have supported growth in the financial industry, backed by improved legal, regulatory, and supervisory frameworks. Yet, the financial sector is grappling with significant challenges, and growth has recently slowed. High nonperforming assets (NPAs) and slow deleveraging and repair of corporate balance sheets are testing the resilience of the banking system and holding back investment and growth.

Indias history is closely tied to its location. Because it is between the East and the West, it has been invaded and overtaken multiple times. Each culture that came to India made a lasting contribution in some way.

In India: A Sacred Geography , renowned Harvard scholar Diana Eck offers an extraordinary spiritual journey through the pilgrimage places of the world's most religiously vibrant culture and reveals that it is, in fact, through these sacred pilgrimages that India's very sense of nation has emerged. No matter where one goes in India, one will find a landscape in which mountains, rivers, forests, and villages are elaborately linked to the stories of the gods and heroes of Indian culture. Every place in this vast landscape has its story, and conversely, every story of Hindu myth and legend has its place. Likewise, these places are inextricably tied to one anothernot simply in the past, but in the presentthrough the local, regional, and transregional practices of pilgrimage. India: A Sacred Geography tells the story of the pilgrim's India. In these pages, Diana Eck takes the reader on an extraordinary spiritual journey through the living landscape of this fascinating country its mountains, rivers, and seacoasts, its ancient and powerful temples and shrines. Seeking to fully understand the sacred places of pilgrimage from the ground up, with their stories, connections and layers of meaning, she acutely examines Hindu religious ideas and narratives and shows how they have been deeply inscribed in the land itself. Ultimately, Eck shows us that from these networks of pilgrimage places, India's very sense of region and nation has emerged. This is the astonishing and fascinating picture of a land linked for centuries not by the power of kings and governments, but by the footsteps of pilgrims. India: A Sacred Geography offers a unique perspective on India, both as a complex religious culture and as a nation. Based on her extensive knowledge and her many decades of wide-ranging travel and research, Eck's piercing insights and a sweeping grasp of history ensure that this work will be in demand for many years to come.

This paper discusses key findings of the assessment of India's compliance with the International Association of Insurance Supervisors Insurance Core Principles (ICP). Indian Regulatory and Development Authority (IRDA) has so far decided that India is not yet ready for a full transition to cutting-edge international approaches owing to informational and skills shortages and a continuing lack of international consensus. Certain prudential ICPs come under this heading, and IRDA will need to augment its resources in its core supervisory departments if it is to introduce a rigorous corrective action and enforcement regime built on a risk-based approach to the capital and operational management of insurers.

India faces a range of money laundering and terrorist financing risks. India continues to be a target for terrorist groups and has been the victim of numerous attacks. Based on a threat assessment, it was found that India's major sources for terrorist financing (FT) were funds/resources from organizations outside India, counterfeiting of currency, and criminal activities. Key recommendations made to India included the need to address the technical shortcomings in the criminalization of both money laundering and terrorist financing and domestic framework of confiscation and provisional measures.

Part of Zed's World Political Theories series, this remarkable work that offers a revealing glimpse of the social and political life of contemporary India, and how it differs from the dominant liberal paradigm.

This Selected Issues paper examines how surges in global financial market volatility spill over to emerging market economies (EMs) including India. The results suggest that a surge in global financial market volatility is transmitted very strongly to key macroeconomic and financial variables of EMs, and the extent of its pass-through increases with the depth of external balance-sheet linkages between advanced countries and EMs. The paper also looks at food inflation, which has often been singled out as a key driver of India's high and persistent inflation.

A New York Times Notable Book Nobel laureate V. S. Naipaul's impassioned and prescient travelogue of his journeys through his ancestral homeland, with a new preface by the author. Arising out of Naipaul's lifelong obsession and passion for a country that is at once his and totally alien, India: A Million Mutinies Now relates the stories of many of the people he met traveling there more than fifty years ago. He explores how they have been steered by the innumerable frictions present in Indian societythe contradictions and compromises of religious faith, the whim and chaos of random political forces. This book represents Naipaul's last word on his homeland, complementing his two other India travelogues, An Area of Darkness and India: A Wounded Civilization .

This text unites the geography, history, culture and notable people and events of India into a wide-ranging yet concise work that brings this fascinating land to the page. Of interest to academic and general audiences, the volume presents an uncomplicated look at the varied nation of India.

The Indian economy has recorded strong growth in recent years, helped by a large terms of trade gain, positive policy actions including implementation of key structural reforms, a return to normal monsoon rainfall, and reduced external vulnerabilities. Inflation has remained low after the collapse in global commodity prices, a range of supply-side measures, and a relatively tight monetary stance. Key macroeconomic challenges include persistently-high household inflation expectations and large fiscal deficits, which limit policy space for supporting growth through demand measures. Supply bottlenecks and structural impediments are the main constraints to medium-term growth and job creation.